The Trade Deficit In The United States

The trade deficit is a serious economic issue that consists of many pros and cons. A trade deficit is the amount by which a nation imports of goods (or goods and services) exceed its exports of goods (or goods and services) (Brue, Flynn, & McConnell, 2015). One instance that our nation experiences trade deficit is when we buy something from China, such as plane, there is a high tax to obtain that good. Most of the time America must finances the goods desired, causing an increase in the nation’s indebtness. The charge of the imports is so expensive that in my opinion we should be producing those items here in America which would then increase employment. In addition, the trade deficit also has a positive effect on consumers. With spending being